Trump to announce Pfizer price cuts as White House presses drugmakers

President Donald Trump will announce on Tuesday that Pfizer plans to lower prices on several of its medications in the United States, a White House official said. The White House is also planning to unveil a direct-to-consumer website for Americans to buy drugs, called TrumpRx, the official added. Pfizer will launch sales of some of its drugs directly to consumers through that website. The New York-based drugmaker will also announce a $70 billion push on research and development and domestic manufacturing, the official said. Trump sent letters to 17 leading drug companies in July telling them to slash drug prices to match those paid overseas - a policy the president has called most favored nation pricing. He asked them to...